Asia Insurance Review > Magazine

Cost cuts and survival pose new reality for China's property insurers

China’s property insurance industry is undergoing a profound transformation. While some non-listed insurers report 50%-60% year-on-year profit growth in the past year, the sector continues to grapple with widespread downsizing, mounting losses in new-energy vehicle insurance, and an accelerating shift toward automation.

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Biggest insurers expect surge in net profits in 2024

All eyes are on China’s five major listed insurance groups in this latest financial reporting season, as the country has been grappling with a lacklustre economy for at least the last two years.

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Qianhai Re sees growth in offering tech-driven solutions

Shenzhen-headquartered Qianhai Reinsurance is positioning itself to play advanced roles on the domestic and global reinsurance stages. Against this backdrop, the reinsurer discusses the developments and future of the mainland Chinese reinsurance market, its strategies and its role in the Greater Bay Area.

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Securing the food supply

Food security has become a bigger concern than ever, with climate change causing more uncertainty, and changing demographics of farmers highlighting the need for technological advancement in the agriculture space. Insurers’ attention shifts towards climate impact studies and risk modelling as the market grows.

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The growing issue with NEV insurance costs and coverage

The insurance premiums for electric and hybrid vehicles are soaring, and coverage remains an issue, with both insurers and policyholders displeased with the current situation. The root causes behind these issues go beyond the surface and the solutions are similarly complex.

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